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Bank Debt Restructuring

Dáil Éireann Debate, Tuesday - 7 May 2013

Tuesday, 7 May 2013

Questions (132, 150, 152)

Pearse Doherty

Question:

132. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the amount of debt forgiveness that will be provided by Allied Irish Bank to Independent News and Media as part of the latter firm's recently announced reorganisation plans. [21178/13]

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Luke 'Ming' Flanagan

Question:

150. Deputy Luke 'Ming' Flanagan asked the Minister for Finance if he will state, in both absolute and percentage terms, the amount of the debt being written down by wholly and partly State owned lending institutions for Thomas Crosbie Holdings Limited and Independent News and Media Limited; and if he will make a statement on the matter. [21415/13]

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Luke 'Ming' Flanagan

Question:

152. Deputy Luke 'Ming' Flanagan asked the Minister for Finance the percentage stake the State will now hold through Allied Irish Banks and Bank of Ireland in Independent News and Media Limited as a result of the debt for equity swop to facilitate the write down of INM Limited debt; and if he will make a statement on the matter. [21424/13]

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Written answers

I propose to take Questions Nos. 132, 150 and 152 together.

I have been informed that due to data protection rules and customer confidentiality the banks are not in a position to discuss details of individual customer circumstances.

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